{"id":163270,"date":"2025-07-20T11:46:23","date_gmt":"2025-07-20T08:46:23","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=163270"},"modified":"2025-07-20T11:46:23","modified_gmt":"2025-07-20T08:46:23","slug":"ethereum-surges-3-5-to-break-above-3700","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-surges-3-5-to-break-above-3700\/","title":{"rendered":"Ethereum Surges 3.5% to Break Above $3,700"},"content":{"rendered":"

The rally comes on the heels of the GENIUS Act\u2019s passage and mounting momentum around BlackRock\u2019s Ethereum ETF proposal\u2014now including staking integration.<\/p>\n

Regulatory Tailwinds and ETF Momentum<\/h2>\n

The U.S. Congress officially enacted the GENIUS Act on July 18, creating a landmark framework for stablecoins. The law mandates full reserves, limits Big Tech involvement, and reinforces Ethereum\u2019s role as the dominant platform for regulated stablecoin issuance\u2014over $80 billion of Tether (USDT) alone circulates on Ethereum.<\/p>\n

This legal clarity arrives alongside surging ETF demand. U.S.-listed Ethereum ETFs saw their assets under management jump 40% month-over-month, reaching $14.87 billion. BlackRock\u2019s updated ETHA filing now includes staking, a move that positions ETH as both a growth and yield-bearing institutional asset.<\/p>\n

\"\"<\/p>\n

Technical Breakout Amid Overbought Signals<\/h2>\n

Ethereum decisively broke above the $3,500 resistance, with new support forming at this level. The price now sits 9% above its 7-day EMA ($3,343), confirming bullish breakout structure. However, momentum indicators hint at near-term caution: RSI-7 has surged to an extreme 94.9, often preceding local tops. Meanwhile, MACD histogram readings of +86.83 reflect strong, but potentially exhausted, bullish pressure.<\/p>\n